UMWA rejects Peabody’s offer for retired employees
Sep 26, 2013 | 07:48 PM
| Stacy Irish
NEW YORK The United Mine Workers of America (UMWA) union has rejected a settlement offer from Peabody Energy Corp. to pay benefits to retired employees of bankrupt former subsidiary Patriot Coal Corp.
The money could have been used to provide 3,100 Patriot retirees with lifetime health-care benefits comparable to those of Peabodys active corporate employees, the St. Louis-based company said.....
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